Asset Arena Transfer Agency is a critical component of our daily operations, and we're very pleased to have worked with SunGard in validating this upgrade
(Vocus) April 9, 2010
SunGard has completed a technology upgrade of its Asset Arena Transfer Agency solution, a shareholder recordkeeping solution designed to streamline the management of investor accounts and transactions. The enhanced solution offers a new open systems framework and is provided on an application service provider (ASP) basis. This updated architecture will help customers lower IT maintenance and infrastructure costs, as well as improve application integration with SunGard and other third-party systems.
The technology upgrade includes the hosting of SunGard’s Asset Arena Transfer Agency on an IBM Power Systems server, which helps modernize the underlying database platform to leverage Oracle 10g and offer a completely browser-based user interface. Through high-scale application hosting, SunGard can achieve lower overall system infrastructure costs and extend these savings to customers. All customers using the Asset Arena Transfer Agency solution have successfully migrated to the enhanced version.
For Northern Trust, a leading provider of transfer agency services and one of the largest customers involved in the upgrade, the enhanced technology will help it continue to build its transfer agency business on a global scale. “Asset Arena Transfer Agency is a critical component of our daily operations, and we’re very pleased to have worked with SunGard in validating this upgrade,” said Brian Pollard, worldwide head of transfer agency for Northern Trust’s Global Fund Services group. “With more robust technology, we’re confident that we have a best-of-breed system in place that can help improve our overall operational efficiency, support the future growth of our business and help lower our operating costs. These are all benefits we can pass on directly to our clients.”
Doug Morgan, president of SunGard’s institutional asset management business, said, “By working closely with our customers, we have accomplished a smooth transition to a modern, scalable and efficient platform. We have also helped provide our customers and their clients with substantial and realizable benefits. Finally, our enhancement of the Asset Arena Transfer Agency solution reflects the strength of SunGard’s commitment to investing in new technology, and to helping our customers increase their operational efficiency.”
About Northern Trust Global Fund Services
The Northern Trust Global Fund Services (GFS) group has been servicing investment manager and fund company clients for more than 30 years, and has experience supporting a wide range of straightforward and complex investment strategies. The group provides a comprehensive array of integrated solutions including investment operations outsourcing, accounting, administration, performance analysis, transfer agency and global custody, as well as banking and cash management solutions.
About Asset Arena
Asset Arena is SunGard’s global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit http://www.sungard.com/assetarena.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and IT services company.
Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.